Monday, August 13, 2007
Cost of MG Rover inquiry nears £10m
The taxpayer-funded inquiry into the collapse of MG Rover has cost more than £9.5 million with no end to the investigation in sight.
Inspectors appointed by the government in May 2005 to inquire into the demise of the carmaker had racked up costs totalling £9.64m by the end of last month.
The bill now exceeds the controversial £6.5m loan granted by the government to MG Rover to allow it to keep trading for a week after it went into administration in April 2005.
When the inquiry was established more than two years ago, the Government said it wanted a report 'as quickly as possible'.
The Department for Business has defended the absence of any deadline for the inspectors to report, saying a target date 'might restrict the depth and thoroughness of their inquiry'.
DATED: 13.08.07
FEED: AW
Inspectors appointed by the government in May 2005 to inquire into the demise of the carmaker had racked up costs totalling £9.64m by the end of last month.
The bill now exceeds the controversial £6.5m loan granted by the government to MG Rover to allow it to keep trading for a week after it went into administration in April 2005.
When the inquiry was established more than two years ago, the Government said it wanted a report 'as quickly as possible'.
The Department for Business has defended the absence of any deadline for the inspectors to report, saying a target date 'might restrict the depth and thoroughness of their inquiry'.
DATED: 13.08.07
FEED: AW
